Word: cashes
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...Consider the line up: local bank and Newcastle United sponsor Northern Rock had to be nationalized in February after it was caught short of cash when the money markets seized; on Sep. 12, Britain's third largest tour operator XL went bust leaving London club West Ham United without a shirt sponsor; and now insurance giant AIG, shirt sponsor at English and European club champions Manchester United, is teetering on the brink of collapse...
...bloom is coming off the boom. Foreign buyers have scattered, and Khan now has to drum up customers over the Internet or with magazine ads. "No one's got cash in their account," sys Khan. "Now in the back of their mind everyone is thinking, is this going to be the crunch...
...holds an AIG-linked trust worth roughly $7,000, said if he managed to get inside the insurer's besieged offices - which could take him many more hours - he planned to close out his investment. "There's nothing like cash in your hands," he said. It seems the expression "like money in the bank" has fallen out of favor with a public that is weighing what they stand to lose as the shakeout of financial-industry titans continues. - by Neel Chowdhury
...holds in its general account. If the state insurance commission believes AIG can't meet its obligations to policyholders - and a bankruptcy filing might be an indication of that - the insurance commission can step in. If that happens, there's a chance you won't immediately be able to cash out your policies, at least not without incurring a penalty. That's a tactic regulators might use to prevent everyone trying to cash out at one time - like a run on the bank, says Dave Evans, a CFP and senior vice president, Independent Insurance Agents & Brokers of America...
Each state runs guarantee funds for insurance policies, similar to what the Federal Deposit Insurance Corp. does for bank deposits. Every state differs in what they guarantee, but most states set basic limits of $300,000 in life insurance death benefits, $100,000 in cash surrender or withdrawal value for life insurance, $100,000 in withdrawal and cash values for annuities, and $100,000 in health insurance policy benefits, according to the National Organization of Life and Health Insurance Guarantee Associations. The state where the policy was written determines the jurisdiction...